Gordian Capital Singapore Pte Ltd Sells 4,001 Shares of International Business Machines Corporation $IBM

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in International Business Machines Corporation (IBM) by 38.1%, selling 4,001 shares in the first quarter, leaving them with 6,500 shares valued at approximately $1.59 million.
• Several analysts have recently raised their target prices for IBM, with Wedbush increasing it from $300 to $325, indicating a positive outlook for the stock.
• IBM announced a quarterly dividend of $1.68 per share, with an annualized payout of $6.72, reflecting a dividend yield of 2.7%.

Gordian Capital Singapore Pte Ltd decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,500 shares of the technology company's stock after selling 4,001 shares during the quarter. International Business Machines comprises approximately 1.0% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 23rd largest position. Gordian Capital Singapore Pte Ltd's holdings in International Business Machines were worth $1,591,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $45,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $43,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on IBM shares. Wedbush raised their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Stifel Nicolaus raised their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $268.75.

International Business Machines Trading Up 0.4%

IBM stock opened at $245.80 on Friday. The business has a fifty day moving average price of $266.46 and a 200 day moving average price of $257.71. International Business Machines Corporation has a fifty-two week low of $198.27 and a fifty-two week high of $296.16. The stock has a market capitalization of $228.45 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 3.77 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period last year, the firm posted $2.43 EPS. The business's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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